Telegent Systems, a developer of semiconductors that enable mobile TV services, has filed with the Securities and Exchange Commission to raise up to $250 million in its initial public offering (IPO).

The company, which plans to list its shares on the Nasdaq under the symbol “TLG,” has yet to announce details such as the number of shares to be sold or their expected price range. Telegent previously raised $50 million in three rounds of funding, and generated $123.9 million in revenue for the year ended March 31st.

Other posts by :

1. 650 Starlink D2C craft in orbit
2. Bank upgrades SES to ‘Buy’
3. Eutelsat shareholders reach agreement at AGM
4. Ghana makes MultiChoice fee decision
5. SES announces €0.25c dividend
6. Russia “blinding and destroying” German satellites
7. Bank: AST, Starlink, Kuiper targeting $200bn market
8. Rivada: Is no news good news?
9. SES celebrates Intelsat acquisition

Categories: Articles, Business, Results